Palantir Stock Surges After Analyst Upgrade

GuruFocus01-23

On Thursday, Wedbush Securities sent Palantir Technologies (PLTR, Financial) stock prices moving upward after raising its forecasted value to $90 per share as the new market top. The firm maintains its Outperform rating while reinforcing Palantir's bright growth trajectory for next year.

Wedbush raised PLTR's stock price target to $90 because they predict Palantir will lead the AI market in the future, alongside ORCL and CRM. According to the firm Palantir, it stands ready to benefit from the expected AI industry investment growth over the next several years.

Wedbush remains upbeat about Palantir because their Artificial Intelligence Platform shows growing success across both commercial and government markets. Vendor training through "boot camp" programs creates shorter sales cycles while providing better customer results. End users get work done faster and experience an improved operational flow, which fuels the company's long-term development.

Even though they see things positively, Wedbush believes investors underestimate AIP's growth prospects. Based on increased customer adoption, Wedbush predicts Palantir will dominate AI markets against top tech companies. Due to growing self-assurance, Palantir stands ready for sustained expansion through 2025 and beyond.

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